EGA 0.00% 52.0¢ egan street resources limited

This is a great outcome and highlights the value of the historic...

  1. 7,788 Posts.
    lightbulb Created with Sketch. 189
    This is a great outcome and highlights the value of the historic Rothsay deposit to EGA. Looking at 5 year LOM & 200k oz produced (approx 40k oz p.a) at an AISC of $1020.  Funding requirement at $34 mill, with 15% contingency and significant working capital component ($9mill).

    NPV (8%) $58mill @$1600 gold price.
    IRR 57%
    Payback 23 months
    First pour target = Mid 2018 (i.e just over 12 months away)

    All with significant exploration upside over next 12 months at MC approx. $16mill, tight capital structure and smart management team.

    Screen Shot 2017-05-16 at 11.43.35 AM.png Screen Shot 2017-05-16 at 11.43.46 AM.png
    Last edited by Barolobill: 16/05/17
 
watchlist Created with Sketch. Add EGA (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.